Industry Funds Management wins $100 million mandate from Hostplus

Industry Funds Management, the fund manager owned by 32 Australian superannuation funds, says it has won a $100 million contract from Hostplus, the superannuation fund for the Australian Hotels Association.

Hostplus had given IFM $30 million two years ago to invest in Australian stocks. After monitoring the investment decisions by Clyde Haldane Hostplus decided to give IFM more money.

IFM manages about $29 billion for Australian and international investors. It invests in stocks, private equity, infrastructure and debt.

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Rest Super’s selective approach to PE pays off as program comes of age

Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.

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